USOIl-Bias long
Bullish indications:
Major support since 2021 is respected and bouncing from it.
In short time made a high
Inverted head and shoulder pattern
Moving average 20 respected.
getting respected from the trend line support.
Formation of inverted head and shoulder in 5 min chart from trend line support
Bearish indications:
Trend line resistance respected at 72.126
Trade plan bias long @ 71.29
SL:70.09
TP1:72.65
TP2:73.87
Major support since 2021 is respected and bouncing from it.
In short time made a high
Inverted head and shoulder pattern
Moving average 20 respected.
getting respected from the trend line support.
Formation of inverted head and shoulder in 5 min chart from trend line support
Bearish indications:
Trend line resistance respected at 72.126
Trade plan bias long @ 71.29
SL:70.09
TP1:72.65
TP2:73.87
Note
SL HIT
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